Super Group (SGHC) Limited (NYSE:SGHC) Given Consensus Rating of “Moderate Buy” by Analysts

Super Group (SGHC) Limited (NYSE:SGHC) has earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.5714.

A number of research analysts have weighed in on the company. BTIG Research reiterated a “buy” rating and set a $16.00 target price on shares of Super Group (SGHC) in a report on Thursday, April 16th. Weiss Ratings raised shares of Super Group (SGHC) from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Citizens Jmp upped their target price on shares of Super Group (SGHC) from $16.00 to $17.00 and gave the stock a “market outperform” rating in a research report on Wednesday, May 20th. Zacks Research downgraded shares of Super Group (SGHC) from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wall Street Zen raised shares of Super Group (SGHC) from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th.

Insider Buying and Selling

In related news, General Counsel Martine Nathan sold 4,761 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $50,990.31. Following the sale, the general counsel owned 30,172 shares in the company, valued at $323,142.12. This represents a 13.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Neal Menashe sold 78,530 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $10.71, for a total value of $841,056.30. Following the completion of the sale, the chief executive officer owned 676,334 shares in the company, valued at $7,243,537.14. The trade was a 10.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 260,623 shares of company stock worth $3,026,995. 10.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Super Group (SGHC)

Several hedge funds and other institutional investors have recently made changes to their positions in SGHC. Ninety One UK Ltd purchased a new stake in Super Group (SGHC) during the 4th quarter valued at about $4,987,000. Massachusetts Financial Services Co. MA purchased a new stake in Super Group (SGHC) during the 4th quarter valued at about $1,509,000. Algert Global LLC grew its position in Super Group (SGHC) by 2,639.6% during the 3rd quarter. Algert Global LLC now owns 733,109 shares of the company’s stock valued at $9,677,000 after purchasing an additional 706,349 shares during the last quarter. Zweig DiMenna Associates LLC purchased a new stake in Super Group (SGHC) during the 3rd quarter valued at about $8,217,000. Finally, American Century Companies Inc. grew its position in Super Group (SGHC) by 3.0% during the 3rd quarter. American Century Companies Inc. now owns 5,366,058 shares of the company’s stock valued at $70,832,000 after purchasing an additional 156,351 shares during the last quarter. Hedge funds and other institutional investors own 5.09% of the company’s stock.

Super Group (SGHC) Stock Down 2.5%

SGHC stock opened at $12.44 on Friday. Super Group has a fifty-two week low of $8.46 and a fifty-two week high of $14.38. The business’s 50 day moving average price is $11.97 and its two-hundred day moving average price is $11.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market capitalization of $6.30 billion, a price-to-earnings ratio of 25.76 and a beta of 1.11.

Super Group (SGHC) (NYSE:SGHC) last posted its earnings results on Saturday, April 18th. The company reported $0.13 earnings per share for the quarter. Super Group (SGHC) had a return on equity of 42.85% and a net margin of 10.58%.The firm had revenue of $578.00 million for the quarter. As a group, analysts forecast that Super Group will post 0.8 earnings per share for the current fiscal year.

Super Group (SGHC) Company Profile

Super Group (NYSE: SGHC) is a global sports betting and iGaming operator that offers online wagering and gaming solutions under well-known brands such as Betway and Spin. The company’s technology platform supports fixed-odds and in-play sports betting, virtual sports, eSports wagering and a diverse suite of casino games, including slots, table games and live dealer experiences. Super Group’s digital infrastructure is designed to deliver a seamless, secure user experience across desktop and mobile devices.

The company holds operating licenses in multiple regulated jurisdictions, including the United Kingdom, Malta, Italy, Spain and selected states in the United States.